OFAC Provides Guidance on the Essential Components of a Risk-Based Sanctions Compliance Program -
On May 2, 2019, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury issued guidelines...more
5/6/2019
/ Audits ,
Bank Secrecy Act ,
Compliance ,
Economic Sanctions ,
Employee Training ,
Internal Controls ,
Office of Foreign Assets Control (OFAC) ,
Patriot Act ,
Risk Assessment ,
Sanction Violations ,
U.S. Treasury
Brexit on the Brink: The United Kingdom’s Plan for Brexit Remains Uncertain as the European Union Agrees to Extend the Deadline for Brexit -
On March 29, 2019, Parliament voted down, for a third time, Prime Minister...more
4/23/2019
/ China ,
Court of International Trade ,
Economic Sanctions ,
EU ,
Manufacturers ,
Section 232 ,
Section 301 ,
Tariffs ,
Trade Relations ,
Trump Administration ,
UK ,
UK Brexit ,
US Trade Policies ,
USTR ,
Venezuela
On March 22, 2019, the Trump Administration initiated another round of sanctions against Venezuelan entities, sanctioning the Banco de Desarrollo Economico y Social de Venezuela (“Banco de Bandes”) as well as four other...more
Ambassador Lighthizer Testifies Before House Ways and Means Committee On Trade Relationship between United States and China -
On February 27, 2019, United States Trade Representative (“USTR”) Robert Lighthizer testified...more
3/14/2019
/ China ,
Economic Sanctions ,
EU ,
Negotiations ,
Trade Relations ,
U.S. Treasury ,
UK ,
UK Brexit ,
US Trade Policies ,
USTR ,
Venezuela ,
Ways and Means Committee ,
WTO
In a surprising change from his long-held position that the United Kingdom (“UK”) should leave the European Union (“EU”), Labour Party leader Jeremy Corbyn announced on February 25, 2019, that he would support a second...more
The World Trade Organization Predicts “Revolutionary” Impact for Blockchain Technology On Digital Global Trade -
The World Trade Organization (“WTO”) recently published its report, entitled “Can Blockchain Revolutionize...more
2/22/2019
/ Blockchain ,
Cross-Border Transactions ,
Distributed Ledger Technology (DLT) ,
E-Commerce ,
Imports ,
Manufacturers ,
NAFTA ,
Section 232 ,
Supply Chain ,
Tariffs ,
Trade Relations ,
Trump Administration ,
UK Brexit ,
WTO
On Tuesday, January 29, 2019, British Prime Minister Theresa May won approval from Parliament to negotiate a revised agreement for the exit of the United Kingdom (“UK”) from the European Union (“EU”). Prime Minister May...more
Section 301 Update: USTR Grants Exclusion Requests Covering More Than 950 Products -
As we previously reported, in July 2018, the United States Trade Representative (“USTR”) announced that it was establishing a process by...more
1/23/2019
/ China ,
CPTPP ,
EU ,
Intellectual Property Protection ,
Manufacturers ,
Section 301 ,
Trade Relations ,
Trans-Pacific Partnership ,
US Trade Policies ,
USTR ,
WTO
On Wednesday, January 9, 2018, U.S. and Chinese trade officials concluded three days of intensive trade negotiations that were intended to reduce the on-going trade tensions between the United States and China. The talks...more
The Impact of the New Democratic House Majority On The Administration’s Trade Policy -
On November 6, 2018, in the mid-term elections, Democrats took control of the U.S. House of Representatives by winning approximately...more
12/19/2018
/ Aluminum Sales ,
CFIUS ,
EU ,
Foreign Investment ,
Section 232 ,
Section 301 ,
Steel Industry ,
Tariffs ,
Trade Policy ,
Trump Administration ,
UK ,
UK Brexit ,
USTR ,
WTO
On November 10, 2018, the Committee on Foreign Investment in the United States (“CFIUS”) began implementation of significant provisions of the Foreign Investment Risk Review Modernization Act (“FIRRMA”), starting with the...more
The Trump Administration Announces It Plans to Negotiate New Free Trade Agreements with Japan, the European Union and the United Kingdom -
On October 16, 2018, the Office of the United States Trade Representative...more
11/9/2018
/ Canada ,
EU ,
Free Trade Agreements ,
Hizballah ,
International Trade Commission (ITC) ,
Japan ,
Mexico ,
NAFTA ,
Section 232 ,
Trump Administration ,
UK ,
USTR ,
WTO
A number of the world’s top trade ministers met last week in Ottawa, Canada to discuss the significant issues facing the World Trade Organization. At the conclusion of the conference, which was held on October 24th and 25th,...more